Matthias Lecroix

Following hot on the footsteps of Credit Agricole and Worldline, BNP Paribas and Groupe BPCE have negotiated a major new step for the French payments market by jointly acquiring new technology for processing payments for card holders and merchants. The processor will handle all card payments from BNP Paribas and Groupe BPCE in Europe, accounting for 17 billion transactions, and could also be opened to other banks, the companies say. It will leapfrog other initiatives to become the No.1 processor in France, both Groups share the ambition to make it one of the top 3 processors in Europe https://lnkd.in/dNqT6tQt

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#payment Worth to read Le Figaro article about Jean-Philippe Niedergang a veteran in the payment industry highlighting the key customers benefits of Castles Technology in the ongoing payment industry transformation !

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Tink and Adyen launch "Pay by Bank" in France. Tink, a market-leading payment and data enrichment services platform and Adyen, a global financial technology platform of choice for large companies, announce the launch of Pay by Bank (instant payments) in France. Pay by Bank is now available for Adyen merchants on the French market. The launch of Pay by Bank allows Adyen merchants to differentiate themselves from the competition by offering consumers everything they expect from a payment method: familiarity, speed, reliability and ease. Virginie Melaine-Christensen, Country Manager France at Adyen, says: "We are delighted to offer Pay by Bank to our customers in France. Our long-standing collaboration with Tink allows us to introduce this innovative technology, allowing customers to make payments directly from their bank account." Mathieu Péré, Sales Director France and Benelux at Tink, comments: "We are very proud of the relationship we have built with Adyen over the years, and we are delighted to be able to work even more closely with them to help democratize new generation payments in France." Source: https://lnkd.in/ezvptgvS Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #payments #paymenservices #paytech #partnership #paymentindustry #fintech #financialtechnology #financialservices

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Exciting news! Younited is on the Fintech 100 podium! 🥇1st Fintech in France in turnover 🥉3rd Fintech in France overall 🥉3rd consecutive year in the top 4 We are honored to be recognized in this latest report published by Truffle Capital, Finance Innovation, Groupe BPCE, and Sopra Steria ranking the top fintechs in France et very proud to be leading the fintech landscape in France, alongside Qonto and Ledger ! A heartfelt thank you to our customers and partners across Europe - your trust and collaboration fuel our continued innovation and success. Check out the full report here: www.fintech100.fr #Fintech #Innovation #Younited Sopra Banking Software mind Research

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Lydia, the French mobile payments app, has announced the launch of a new challenger bank proposition, investing €100 million in the venture and planning to hire 400 people over the next three years. This strategic move marks a significant expansion for Lydia, now an e-money institution that serves over eight million users with a comprehensive range of financial services. The new banking entity, named Sumeria, will provide current accounts, joint accounts, savings, credit, and investment services, along with a dedicated IBAN and associated Visa debit card. This decision to split the business into two distinct entities aims to cater to diverse user preferences. While Lydia will refocus on being a simple peer-to-peer (P2P) payments app for quick transfers between friends and contacts, Sumeria will offer a full suite of banking services. The rationale behind this strategic shift was to avoid alienating users who preferred a straightforward P2P payments app without bundled banking services. To date, two million of Lydia’s eight million users have engaged with its broader financial offerings. Sumeria has ambitious goals, targeting five million customers over the next three years. To enhance customer experience and provide personalized support, Sumeria will open a flagship bank branch in Paris, inspired by the Apple Store's Genius Bar. This branch will offer hands-on guidance and support for individuals looking to open accounts and explore the full range of services. This innovative approach signifies Lydia’s commitment to meeting the evolving needs of its users while expanding its footprint in the financial services sector. By differentiating its P2P payments and banking services, Lydia and Sumeria are poised to drive significant growth and innovation in the fintech landscape. Stay tuned for more updates as Lydia and Sumeria continue to reshape the future of digital finance!

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The recently adopted Instant Payments regulation brings Big Changes to the European Payments Landscape 🇪🇺 𝗟𝗲𝘁’𝘀 𝗵𝗮𝘃𝗲 𝗮 𝗹𝗼𝗼𝗸 𝗮𝘁 𝘁𝗵𝗲 6️⃣ 𝗞𝗲𝘆 𝗖𝗵𝗮𝗻𝗴𝗲𝘀: 1️⃣ The mandate for instant payments to become obligatory. 2️⃣ The inclusion of both consumers and businesses within its scope. 3️⃣ A requirement that instant payments not exceed the costs of traditional credit transfers, addressing the previous significant price disparities where instant transactions could cost as much as €12 (!) in some instances. 4️⃣ An obligation for banks to verify that the account numbers correspond with the payment beneficiaries' names and to issue warnings for potential errors or fraud. 5️⃣ A shift from individual transaction screening to a mandate for instant payment providers to screen their clients against EU sanctions lists at a minimum of once daily. 6️⃣ The provision for Payment and e-money institutions (PIEMIs) to have direct access to payment systems, thus eliminating the need for bank sponsorship. This represents a major departure from the traditional model, where banks were the principal access points to EU payment systems. Europe really needed this in order to keep up with Instant Payments frontrunners like Brazil (PIX), and India (UPI). What do you think? Source picture: Panagiotis Kriaris, European Payments Council (EPC), treasuryXL | The Treasury Community #payments #paytech #digitalpayments #digitalbanking #fintech #openbanking

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Tink and Adyen Launch “Pay by Bank” in France Read the full story here: 👇 https://lnkd.in/erqDY2a2 #openbanking #instantpayments #paytech #fintechboostup

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Icecat joins Mirakl Summit Paris! 😻 We're thrilled to announce that #Icecat will be a Platinum Sponsor at the upcoming Mirakl Summit Paris taking place on May 28th! This aligns perfectly with our mission to provide Mirakl powered marketplaces with quality product content for seamless scaling. Join us at the summit to learn more about how Icecat can help you with these challenges: ⚠️ Poor content quality & blocked offers. ⚠️ Light taxonomy/ weak filters. ⚠️ Long new seller onboarding time. ⚠️ Multilingual content. Stay tuned for more updates on our activities at the summit! #MiraklSummit #ProductContent #Ecommerce #MCM P.S. Better Content, Higher Conversion.

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🚀 European Payments Acceptance | Weekly News 14 June ✅Existing UK POS devices could initiate digital pound payments according to the Bank of England. It could also be feasible to implement offline payments on the same terminals. ✅BNP Paribas and Groupe BPCE announce partnership to jointly acquire payments processing technology for card holders and merchants. Acquiring joint technology would result in the creation of a common processor that would handle all card payments of both institutions. With 17 billion transactions shared between the two organisations, this processor would be the leader in France and would rank among the top three in Europe. ✅Stripe becomes Accor's primary payments partner globally. Accor is aiming to enhance eCommerce platform, offering services beyond accommodation including spa services, restaurants, and experiences. ✅Flexys Solutions partners with Acquired.com to support their debt collection payment experience. ✅ Trustly launches recurring payments solution, which allows businesses to accept recurring transactions directly from customers’ bank accounts. The solution combines traditional direct debit and A2A transfers. #paymentsnews #update #fintech #pos #a2a #latestrend To read more click: https://lnkd.in/etccEvpg

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French fintech startup Lydia, known for its mobile payments app with 8 million users, is launching a new mobile banking app called Sumeria. This move splits Lydia into two apps: the original Lydia for peer-to-peer payments and Sumeria for mobile-first banking. This strategy aims to balance adding financial services and simplifying user experience. Sumeria will focus on the European market, offering features like bank accounts with dedicated account numbers, Visa debit cards, stock and crypto trading, small loans, and savings accounts. The rebranding aims to address user confusion and position Sumeria as a serious banking option. Lydia plans to invest €100 million in Sumeria and hire 400 people, targeting 5 million customers by 2027. Source: https://lnkd.in/dg_yN_2M #Lydia #Sumeria #Fintech #MobileBanking #DigitalPayments #EuropeanBanking #FintechInnovation #UserExperience #BankingApp #TechNews #CxONews #CxOGlobalForum

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BNP Paribas and Groupe BPCE Announce Their Plans to Create a Strategic Partnership in the Field of Payments Nicolas Namias, CEO of BPCE, stated: “The first generation of our collaboration in payments with BNP Paribas was a great success. With this new industrial partnership project, in line with our next strategic plan, we are taking an important step towards accelerating innovation in payments in the coming years. In this way, we will offer the best quality of service to our customers, in particular the networks Banque Populaire and Caisse d’Epargne.” Jean-Laurent Bonnafé https://lnkd.in/ecGvGi6Y #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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🚀 Scaling Lessons from Olivier Bisserier, Ex-CFO of Booking.com: Olivier Bisserier offers profound insights into scaling businesses and the evolving role of CFOs. He emphasizes anticipating growth challenges, leveraging AI for operational efficiency, and balancing work-life with an athlete’s precision. Modern CFOs must embrace technology and cultivate a growth mindset to thrive. Check out his strategies for navigating today’s dynamic business landscape! 💼📈 #BusinessScaling #CFOInsights #TechLeadership

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Industry News: The European Commission’s regulation on instant payments The European Parliament has officially adopted the much-anticipated legislation text on Euro Instant Payments. This milestone marks a significant leap forward in streamlining payment processes across the Eurozone. Sylq highlighted for you the major points of the adopted text : 🟪 Mandatory Support for SEPA Instant Payments: Banks, payment, and electronic institutions are now obligated to facilitate both receiving and sending SEPA instant payments effective 2024 and 2025 respectively. 🟪 Pricing Equality: Instant payments must not be charged at a higher price than regular payments, ensuring fairness and accessibility for all. 🟪 Enhanced Security Measures: Changes in sanction screening obligations and the introduction of mandatory IBAN-name verification at payment initiation will bolster security and mitigate risks. The adoption of this text sets forth a definitive enforcement timeline and provides clarity on implementation requirements, including: 🟪 Batch Instant Payment Orders: Batch instant payment orders will be allowed and mandatory for institutions handling regular payment batches. 🟪 Real-time Payment Processing: Institutions must have systems capable of straight-through processing and real-time payment tracking for both sending and receiving instant payments. 🟪 Customer-defined Limits: Implementation of customer-defined limits and instant payment amounts in core systems will ensure flexibility and control for users. These regulatory developments will remove one of the major barriers to mass adoption of Bank to Bank (AKA Open Banking) payment transactions online and in store, thus creating a true alternative to traditional card based payment methods for consumers. As we navigate these changes, Sylq is here to support merchants with the adoption of new secure and easy to use payment methods.  #Sylq #PayByBank #Euro #Payments #InstantPayments #Fintech #Innovation  #Security #Legal

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Hot off the press! Qonto CEO and Co-Founder Alexandre Prot reveals all about how his own banking hurdles inspired the start of Qonto, an online payment institution providing financial tools to streamline business. In the wise words of Alexandre, it's not too late to join him and over 8,500 more at Money20/20 Europe next week to dive into the latest industry trends. Secure a pass today and kickstart the conversation: https://bit.ly/4aCyrUK

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The key points from the European Mobile Payments Report 2024: The European mobile payments landscape is highly fragmented, with a mix of major global wallets, domestic solutions, and regional initiatives like the European Payments Initiative (EPI). In most of #Europe and #Switzerland particularly, mobile payment has rapidly grown you practice best wet and high usage by consumers through the support of the banks. Currently, there is a trend of mergers by the players to achieve more than one country coverage, where the #EPI has provided its digital wallet in many countries and some national solutions are also planning to expand their reach. The future European mobile payments landscape could evolve in three ways: a single dominant European solution, multi-country clusters, or continued fragmentation. Success factors highlighted include comprehensive payment methods, favorable market dynamics, strong #bank collaboration, and evolution from peer-to-peer to #retail payments. This report provides stakeholders with valuable insights into navigating the competitive and dynamic European mobile #payments industry. Thank you Arkwright Consulting Official Link: https://lnkd.in/gV9DfrW7 #europeanmobilepayments #finech #digitaltransformation

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